Kamla to Banks: Stop Forcing ATM Deposits

Spread the love

By Sue-Ann Wayow

COMMERCIAL banks enforcing the use of Automated Teller Machines (ATM) machines to deposit money is not a good security measure for customers.

Opposition Leader Kamla Persad-Bissessar in a statement on Friday urged the banking community to reconsider having the public and micro and small business operators use the Automated Teller Machines for financial deposits.


She said, “Commercial banks have lately been directing many transactions to ATM machines, and while this may be a standard practice in other parts of the world, in Trinidad and Tobago, under the current crime surge, this process leaves clients vulnerable to brutal criminals.”

Since there are financial limits on each deposit transaction, a single customer could spend several minutes at an ATM machine, leading to long lines that quickly grow, leaving banking customers standing on the street with cash on their person for extended periods of time, she said.

Neil Transport Services

Persad-Bissessar said several customers in the past have been assaulted and robbed and even killed after patronising banks at all levels.

She mentioned that a few weeks ago, an on-duty security officer was murdered while on duty at an ATM at Cunupia and there were other instances of armed security guards being ambushed and attacked while transferring money.

Persad-Bissessar said, “Small businesswomen and men are much more defenceless than armed security officers in the current atmosphere of rampant lawlessness, especially under a government that has all but given up on addressing the violent crime crisis citizens are facing today. 


“I strongly recommend that the Bankers Association critically review the diversion of deposit transactions to ATMs and work toward creating the safest setting for its clients.”   


Leave a Reply

Your email address will not be published. Required fields are marked *